Hm3 Partners Independence Fund Inc

Organization Overview

Hm3 Partners Independence Fund Inc is located in Gibsonia, PA. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hm3 Partners Independence Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Hm3 Partners Independence Fund Inc generated $181.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $22.0k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Hm3 Partners Independence Fund Inc has awarded 20 individual grants totaling $1,162,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

COMPANY IS ENGAGED IN THE BUSINESS OF RAISING PUBLIC AND PRIVATE FUNDS AND PROVIDING FUNDING TO COMMUNITY INTERESTS THAT THE COMPANY'S BOARD OF DIRECTORS DEEMS IMPORTANT TO THE PUBLIC INTEREST AND MISSION OF THE COMPANY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FUNDING TO COMMUNITY INTERESTS THAT THE COMPANY'S BOARD OF DIRECTORS DEEMS IMPORTANT TO THE PUBLIC INTEREST AND MISSION OF THE COMPANY.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Hampson
President/ch
$0
Thomas Merhaut
Secretary/tr
$0
Kevin Colbert
Director
$0
Larry Richert
Director
$0
Michael Young
Director
$0
Paul Mango
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$27,435
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$161,675
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$189,110
Total Program Service Revenue$0
Investment income $1
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$7,464
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $181,647

Grants Awarded

Over the last fiscal year, Hm3 Partners Independence Fund Inc has awarded $192,500 in support to 3 organizations.

Grant RecipientAmount

JEROME BETTIS BUS STOPS HERE FOUNDA

|

|

$74,000

BUTLER HEALTH SYSTEM FOUNDATION

|

|

$98,500

RICHLAND TWP - BART MILLER HONORARI

|

|

$20,000
View Grant Profile

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